Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Fortum OyjFOJCF 74 Shiller PE Ratio is 37.53 as of Sep. 15, 2026, which is 273% above its 10-year median of 10.07. GuruFocus rates FOJCF with a GF Score™ of 74/100 and a GF Value™ of $14.48 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 204 Utilities - Independent Power Producers companies, Fortum Oyj ranks worse than 87.75% on this metric.
As of today (2026-09-15), Fortum Oyj's current share price is $22.52. Fortum Oyj's E10 for the quarter that ended in Jun. 2026 was $0.60. Fortum Oyj's Shiller PE Ratio for today is 37.53.
The historical rank and industry rank for Fortum Oyj's Shiller PE Ratio or its related term are showing as below:
FOJCF'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.85 Med: 10.07 Max: 45.54
Current: 45.54
During the past years, Fortum Oyj's highest Shiller PE Ratio was 45.54. The lowest was 5.85. And the median was 10.07.
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Fortum Oyj's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.138. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.60 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Fortum Oyj (OTCPK:FOJCF) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Fortum Oyj Shiller PE Ratio Related Terms
Fortum Oyj Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Fortum Oyj's Shiller PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Renewable subindustry, Fortum Oyj's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortum Oyj Shiller PE Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Fortum Oyj's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Fortum Oyj's Shiller PE Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortum Oyj's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Fortum Oyj's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Fortum Oyj (FOJCF) has a Shiller PE Ratio of 37.53 as of Sep. 15, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Fortum Oyj and its competitors. This is 273% above median its historical median of 10.07. Over the past decade, Fortum Oyj's Shiller PE Ratio has ranged from 5.85 to 45.54. According to the industry distribution chart, Fortum Oyj ranks #179 out of 204 companies in the Utilities - Independent Power Producers industry, placing it in the top 87.7%.
Is Fortum Oyj's Shiller PE Ratio too high?
Fortum Oyj's current Shiller PE Ratio of 37.53 is 273% above median its 10-year median of 10.07. Over the past 10 years, this metric has ranged from a low of 5.85 to a high of 45.54. The Utilities - Independent Power Producers industry median Shiller PE Ratio is 14.19. Fortum Oyj's value of 37.53 is 164.6% above this industry median. Based on the distribution chart, Fortum Oyj ranks #179 out of 204 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Fortum Oyj has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's Shiller PE Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #179 out of 204 companies for Shiller PE Ratio. This places Fortum Oyj in the lower half of its industry. The industry median Shiller PE Ratio is 14.19. Fortum Oyj's value of 37.53 is 164.6% above this benchmark. Historically, Fortum Oyj's own Shiller PE Ratio has ranged from 5.85 to 45.54 over the past decade. While the company's 10-year median is 10.07 vs. the industry median of 14.19, Fortum Oyj has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shiller PE Ratio for an Utilities - Independent Power Producers company?
The median Shiller PE Ratio among Utilities - Independent Power Producers companies is 14.19, based on 204 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortum Oyj's current Shiller PE Ratio of 37.53 is 164.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median Shiller PE Ratio is 14.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current Shiller PE Ratio is 37.53, which is 273% above median its own 10-year median of 10.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.48, compared to a current price of $22.52 — trading 55.5% above its estimated fair value. The current Shiller PE Ratio is 37.53, which is 273% above median its 10-year median of 10.07 and 164.6% above the Utilities - Independent Power Producers industry median of 14.19. Fortum Oyj's overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Fortum Oyj (FOJCF), the current Shiller PE Ratio is 37.53 as of Sep. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortum Oyj (FOJCF) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of $22.52 is trading 55.5% above its estimated GF Value™ of $14.48.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for FOJCF:
Shiller PE Ratio: 37.53 (273% above median its 10-year median of 10.07)
GF Value™: $14.48 vs. price of $22.52 (55.5% above fair value)
Industry Position: 164.6% above the Utilities - Independent Power Producers median (#179 of 204)
No single metric tells the full story. See the FOJCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
74GF Score
Get the complete analysis for FOJCF
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FOJCF has been successfully added to your 
